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European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year
14.2.2022
The executive arm of the EU is gearing up to start public consultations on the digital euro project next month. The European Commission will also prepare new legislation to establish the legal basis for the digital version of the common European fiat. A draft is expected in 2023. EU Finance Chief...
Crypto miners exempt from IRS reporting rules, US Treasury affirms
14.2.2022
The U.S. Treasury affirmed that crypto miners and wallet operators are exempt from the IRS reporting rules, preparing appropriate regulations
Russian Regulators Find Common Ground — Bitcoin Can’t Be Used for Payments
13.2.2022
Russian authorities are yet to reach full consensus on the future of cryptocurrencies but government institutions are on the same side of the fence in their intention to ban bitcoin payments. Other operations with digital assets are to be legalized and regulated, representatives of Russian business...
El Salvador’s Bitcoin Law: Understanding alternatives to government intervention
13.2.2022
Last year El Salvador dominated headlines as the first country to adopt Bitcoin as legal tender. Now, it’s time to promote mainstream adoption from the ground up
Russia Takes Down 4 Carding Sites With Over $260 Million in Crypto Turnover
12.2.2022
Law enforcement in Russia has blocked major sites on the dark web, including a carding market leader. The platforms have been seized amid ongoing investigations into hacking groups, with Russian authorities ramping up efforts to dismantle the cybercrime rings and detain their members. Interior...
New Russian Law ‘Will Dampen Public’s Interest in Crypto’, Says Biz Leader
11.2.2022
A business leader has said that a soon-to-be-unveiled Russian draft crypto regulation bill – which proposes bringing crypto into a strict regulatory framework – is effectively a way to discourage Russians from using cryptoassets....
Read More: New Russian Law ‘Will Dampen Public’s Interest...
Nintendo Thanks Feds For Sending Hacker To Prison For 3 Years
11.2.2022
Recently indicted Nintendo hacker Gary Bowser has been handed a 40-month prison sentence by the U.S. District Court for the Western District of Washington for creating and selling “console-hacking software and devices used to play pirated Nintendo Switch games.” This is according to a victory...
Canadian MP introduces bill aimed at encouraging growth in crypto sector
10.2.2022
“To be a world leader, Canada needs to make sure cryptoasset experts and investors are telling us what policy they need or what policy they don’t need,” said Michelle Rempel Garner
Tennessee lawmaker introduces bill which would allow state to invest in crypto
9.2.2022
The two bills introduced on Feb. 2 propose allowing the state of Tennessee as well as its counties and municipalities to invest in crypto, as well as forming a committee aimed at studying crypto and blockchain
Russian Government Approves Plan to Regulate Cryptocurrency
9.2.2022
The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian...
Russian Government Eyes $13 Billion in Taxes From Crypto Economy
9.2.2022
Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as Russian institutions are holding discussions on the future of cryptocurrencies in the country. One Trillion Rubles...
Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining
9.2.2022
Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fivefold hike of the fee miners pay per each kilowatt-hour of utilized electricity. Mining...
DoJ seizes $3.6B in crypto and arrests two in connection with 2016 Bitfinex hack
8.2.2022
"The department once again showed how it can and will follow the money," said Deputy Attorney General Lisa Monaco
Spanish Treasury Postpones the Definition of Crypto Tax Declaration Models Until Next Year
8.2.2022
The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government has advanced when it comes to cryptocurrency regulation, the specifics of what will be taxed and...
No precedent: IRS court settlement doesn't clarify crypto staking taxes
8.2.2022
There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression
Law Decoded: Tangible wins, new menaces and the global crypto taxation drive, Feb. 1–7
7.2.2022
Crypto advocates celebrate wins, the Treasury and SEC seek to introduce crypto-unfriendly rules, and governments rush to levy digital asset taxes
US Federal deposit insurer lists “crypto-asset risks” among its top priorities for the year
7.2.2022
FDIC's acting chairman stated that the work on crypto-related guidance for U.S. banks is underway
‘Wave of litigation’ to hit NFT space as copyright issues abound
7.2.2022
As the NFT industry grows with increasing market penetration, research and consumer education are key to the domain’s evolution
Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela as New Law Passes
7.2.2022
Certain crypto and foreign currency transactions in Venezuela will be taxed at up to 20% after the government and parliament signed off on a rule aimed at reducing inflationary pressure on the troubled fiat bolivar....
Read More: Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela...
Meta-Marriage: Decentraland hosts first Metaverse wedding
7.2.2022
The Arizona couple’s big day didn’t quite go to plan, showing that the Metaverse still has a while to go before it can reliably host a wedding with all the bells and whistles of the real world